Genesis Block Ventures Invests in Cross-chain Asset Management Platform Konomi Network

Full-service investment company Genesis Block Ventures (GBV) announces an investment in cross-chain asset management platform Konomi Network. 

Konomi aims to provide a one-stop solution for users to manage their assets in crypto, tackling the existing problems and flaws of traditional money lending platforms. Using Substrate as the development framework, the network targets to support more assets in the Polkadot ecosystem. Users could manage their crypto holding positions, trade assets and earn interest through decentralised money market and lending products. 

 

As a full suite asset management solution for cross-chain crypto assets, Konomi aims to make crypto asset transfers easy, fast, and cheap. Starting with offering financial applications for assets in the Polkadot ecosystem, Konomi fulfils user demand in liquidity, money markets, more advanced trading products and also investing in new projects via DOT staking. 

 

Built with the Substrate framework, Konomi aims to become the underlying lending protocol of the Polkadot ecosystem, providing interests and more financial products for the assets in the ecosystem. 

DeFi Layer for Polkadot Ecosystem

Upon its establishment, Konomi thrives to enable financial applications on Ethereum to seamlessly connect to the Polkadot ecosystem. With the Polkadot ecosystem being more mature, native crypto assets could accrue more value to the ecosystem for the interoperability feature. Additionally, there are more possibilities for smart contract developers to deploy more complex financial derivatives on-chain, onboarding more institutional players to the market. 

 

Konomi also issues its native network token, KONOMI Token, to kickstart liquidity and decentralised governance. The token incentivizes users and liquidity providers to participate in the protocol. Additionally, it implements the buy-and-burn mechanism, resembling the platform token of centralized exchanges. It is also the staking currency to share platform revenue and ensure that the debt positions are safe.

 

As a private investment company with a mission of building the future through blockchain, Genesis Block Ventures is an active participant in the decentralized finance (DeFi) revolution, and has grown a thriving network to form an effective ecosystem for all aspects of blockchain, crypto, and DeFi projects. 

 

We share the same vision that cross-chain infrastructure is going to be an important building block for the crypto industry going forward. Through the investment, Genesis Block Ventures will help further expand Konomi’s opportunities in the crypto and DeFi space. We are delighted to participate in Konomi’s exciting journey to become the hub for cross-chain financial markets!

About Konomi Network

Konomi is a full suite asset management solution for cross-chain crypto assets. Using Substrate as the development framework, the network aims to support more assets in the Polkadot ecosystem. 

 

Users could manage their crypto holding positions, trade assets and earn interest through decentralised money market products. Konomi also issues its native network token in order to kick start liquidity and decentralised governance.

About Genesis Block Ventures

Genesis Block Ventures (GBV) is a full-service investment company closely working with Genesis Block HK, Asia’s leading digital asset over-the-counter (OTC) trading center. 

 

As a private investment company with a mission of building the future through blockchain, Genesis Block Ventures is an active participant in the DeFi revolution, and has grown a thriving network to form an effective ecosystem for all aspects of blockchain, crypto, and DeFi projects.

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